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COMPANY REGISTRATION NUMBER: 06271034
Cwmni 57 Cyf
Filleted Unaudited Financial Statements
30 June 2023
Cwmni 57 Cyf
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Current assets
Debtors
6
98
Cash at bank and in hand
3,493
6,539
-------
-------
3,591
6,539
Creditors: amounts falling due within one year
7
2,930
3,185
-------
-------
Net current assets
661
3,354
----
-------
Total assets less current liabilities
661
3,354
Creditors: amounts falling due after more than one year
8
85
569
----
-------
Net assets
576
2,785
----
-------
Capital and reserves
Called up share capital
10
10
Profit and loss account
566
2,775
----
-------
Shareholders funds
576
2,785
----
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Cwmni 57 Cyf
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 19 March 2024 , and are signed on behalf of the board by:
Mr I M Evans
Director
Company registration number: 06271034
Cwmni 57 Cyf
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 45 Vales Street, Denbigh, Denbighshire, LL16 3AP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
Fully depreciated
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 July 2022 and 30 June 2023
2,486
2,486
-------
-------
Depreciation
At 1 July 2022 and 30 June 2023
2,486
2,486
-------
-------
Carrying amount
At 30 June 2023
-------
-------
At 30 June 2022
-------
-------
6. Debtors
2023
2022
£
£
Other debtors
98
----
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
46
47
Corporation tax
2,296
2,177
Social security and other taxes
400
Other creditors
588
561
-------
-------
2,930
3,185
-------
-------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
85
569
----
----
9. Director's advances, credits and guarantees
No advances, credits or guarantees were given to the Director during the current or previous accounting periods.
10. Related party transactions
The company was under the control of Mr Evans throughout the current and previous year. Mr Evans is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.